Checked.be
Active
BE 0770.931.650Private limited company
MKD
Carnotstraat 100 ·2060 Antwerpen, Belgium· 5 yrs active
Sector: Agents in the wholesale of furniture, household goods and hardware
(46150)
Conclusion
The computed 12-month bankruptcy probability of MKD is 1.8% (moderate). The 2024 annual accounts show equity of €15k and a net result of €11k. Equity is shrinking by ~36.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 25% of 15878 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €15k |
| Net result | €11k |
| Staff (FTE) | 3.1 |
| Better than sector | 25% |
Financial profile
66
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
58
Profitability
100
Solvency
20
Growth
58
Stability
94
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
58
/ 100
Fair
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€1k
estimate, not credit advice
Score history
38
2022
27
2023
58
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.19 (≥ 1.0)
+5
Quick ratio
Quick ratio 0.35 (< 0.6)
-5
Leverage
Debt/equity 13.03 (> 3.0)
-10
Profitability
ROE 73% (≥ 10%)
+10
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 05-12-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
At this pace, equity would indicatively turn negative around fiscal year 2027, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 7.1% | 39.5% | |
| Net result | €11k | €5k | |
| Equity | €15k | €56k | |
| Gross operating margin | €109k | €26k | |
| Staff costs | €82k | €35k |
€13k
-
22-24
€11k
-
22-24
€13k
-
22-24
€215k
+12.8%
22-24
€15k
+269.4%
22-24
€34k
+59.3%
22-24
3
-11.4%
22-24
€82k
-26.7%
22-24
€557
-
22-24
€200k
+7.1%
22-24
€178k
+8.0%
22-24
€21k
0.0%
22-24
1.19
+5.5%
22-24
0.35
+22.0%
22-24
7.1%
+227.5%
22-24
13.03
-71.0%
22-24
72.9%
-
22-24
5.2%
-
22-24
1.28
-
22-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | €13k | €-21k | €19k |
| Net profit | €11k | €-22k | €2k |
| Cash flow | €13k | €-21k | €4k |
| Staff costs | €82k | €112k | €70k |
| Income taxes | - | - | €557 |
| Dividends | - | - | - |
| Total assets | €215k | €191k | €173k |
| Equity | €15k | €4k | €27k |
| Debt | €200k | €186k | €147k |
| of which ≤ 1y | €178k | €165k | €135k |
| of which > 1y | €21k | €21k | €11k |
| Working capital | €34k | €21k | €32k |
| Employees (FTE) | 3.1 | 3.5 | 3.1 |
Ratios (computed)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 1.19 | 1.13 | 1.24 |
| Quick ratio | 0.35 | 0.28 | 0.71 |
| Working capital ratio | 15.9% | 11.2% | 18.7% |
| Solvency | 7.1% | 2.2% | 15.4% |
| Debt / equity | 13.03 | 44.96 | 5.51 |
| Long-term debt ratio | 1.40 | 5.16 | 0.43 |
| Interest coverage | - | - | 1.28 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 5.2% | -11.8% | 0.9% |
| ROE | 72.9% | -541.7% | 6.1% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2024
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €215k | €191k | €173k |
| Fixed assets | 21/28 | €3k | €4k | €6k |
| Tangible fixed assets | 22/27 | €3k | €4k | €6k |
| Current assets | 29/58 | €212k | €187k | €168k |
| Stocks & contracts in progress | 3 | €150k | €140k | €72k |
| Amounts receivable within one year | 40/41 | €57k | €22k | €66k |
| Cash & bank | 54/58 | €5k | €19k | €27k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €215k | €191k | €173k |
| Equity | 10/15 | €15k | €4k | €27k |
| Contributions / capital | 10/11 | €25k | €25k | €25k |
| Accumulated profits (losses) | 14 | €-10k | €-21k | €2k |
| Amounts payable | 17/49 | €200k | €186k | €147k |
| Amounts payable after one year | 17 | €21k | €21k | €11k |
| Amounts payable within one year | 42/48 | €178k | €165k | €135k |
| Trade debts payable within one year | 44 | €70k | €53k | €36k |
| Income statement | ||||
| Gross operating margin | 9900 | €109k | €91k | €108k |
| Operating result | 9901 | €11k | €-23k | €17k |
| Financial income | 75 | - | €190 | €0 |
| Financial charges | 65 | - | - | €15k |
| Result before taxes | 9903 | €11k | €-22k | €2k |
| Income taxes | 67/77 | - | - | €557 |
| Net result for the period | 9904 | €11k | €-22k | €2k |
| Result to be appropriated | 9905 | €11k | €-22k | €2k |
Legal Structure
| NACE primary | Agents in the wholesale of furniture, household goods and hardware(46150) |
| Legal form | Private limited company(610) |
| Incorporation | 08-07-2021 |
| Status | Active |
| Postal code | 2060 |
Establishment units
MKD
since 20212.319.247.135
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1041/00V000 | Flanders | 720 m² | 1 · 450 m² | 23.9 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
05-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 127 days late
25-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 209 days late
2024
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
2023
31-12
Financial
Weakest financial yearnet €-22k ▼1489%
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
09-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 101 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Agents in the wholesale of furniture, household goods and hardware46150Retail sale of other household articles47559Retail trade47599
Names & trade names
| Legal nameNL | MKD |
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